Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
What Job Openings Are Actually Telling Us About the Economy
Job openings surged to 7.6 million in April 2026, but hiring remains sluggish. Lucas and Luna dig into the JOLTS data to understand what's really happening in the labor market. They discuss the gap between openings and hires, why quits are low, and what this means for the Fed's next move. With the fed funds rate at 3.63% and inflation still above target, the hosts explore whether the labor market is signaling a soft landing or something more concerning. Specific data points like the 159 million total nonfarm payrolls and the 4.3% unemployment rate ground the conversation.
#JOLTS…
The skinny
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